LBE Management: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LBE Management
Largest movements
- Receivables within one year +€271,021
up €271,021 (+81.9%), from €330,784 to €601,805
of which Trade receivables: +€253,594
- Cash +€118,529
up €118,529 (+84.4%), from €140,411 to €258,940
mainly Trade debts (+€289,644) and Net result for the year (+€99,343)
- Stocks and contracts -€34,258
down €34,258 (-60.6%), from €56,541 to €22,283
- Tangible fixed assets -€29,852
down €29,852 (-32.0%), from €93,277 to €63,425
of which Furniture and vehicles: -€28,107
- Trade debts +€289,644
up €289,644 (+225%), from €128,712 to €418,357
- Other debts +€85,116
up €85,116 (+539%), from €15,784 to €100,900
- Tax, wage and social debts -€48,618
down €48,618 (-43.8%), from €110,908 to €62,290
of which Taxes: -€47,382
- Gross operating margin +€42,069
up €42,069 (+18.2%), from €230,890 to €272,959
- Staff costs +€13,892
up €13,892 (+19.8%), from €70,196 to €84,088
- Other operating charges +€12,609
up €12,609 (+3,148%), from €400 to €13,009
- Taxes +€7,021
up €7,021 (+18.8%), from €37,303 to €44,324
- Depreciation -€6,118
down €6,118 (-16.3%), from €37,530 to €31,412
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €630,695 | €950,487 | +€319,793 | +50.7% |
| Fixed assets | 21/28 | €96,542 | €65,937 | -€30,605 | -31.7% |
| Intangible fixed assets | 21 | €3,266 | €2,512 | -€754 | -23.1% |
| Tangible fixed assets | 22/27 | €93,277 | €63,425 | -€29,852 | -32.0% |
| Furniture and vehicles | 24 | €87,428 | €59,322 | -€28,107 | -32.1% |
| Other tangible fixed assets | 26 | €5,848 | €4,103 | -€1,745 | -29.8% |
| Current assets | 29/58 | €534,152 | €884,551 | +€350,398 | +65.6% |
| Stocks and contracts in progress | 3 | €56,541 | €22,283 | -€34,258 | -60.6% |
| Stocks | 30/36 | €56,541 | €22,283 | -€34,258 | -60.6% |
| Amounts receivable within one year | 40/41 | €330,784 | €601,805 | +€271,021 | +81.9% |
| Trade receivables | 40 | €330,784 | €584,378 | +€253,594 | +76.7% |
| Other amounts receivable | 41 | - | €17,427 | +€17,427 | |
| Cash at bank and in hand | 54/58 | €140,411 | €258,940 | +€118,529 | +84.4% |
| Deferred charges and accrued income | 490/1 | €6,416 | €1,522 | -€4,893 | -76.3% |
| Total equity and liabilities | 10/49 | €630,695 | €950,487 | +€319,793 | +50.7% |
| Equity | 10/15 | €353,406 | €351,850 | -€1,557 | -0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €293,773 | €292,216 | -€1,557 | -0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €291,913 | €290,356 | -€1,557 | -0.5% |
| Profit (loss) carried forward | 14 | €53,433 | €53,433 | = | 0.0% |
| Amounts payable | 17/49 | €277,288 | €598,638 | +€321,349 | +116% |
| Amounts payable after more than one year | 17 | €15,600 | €7,946 | -€7,654 | -49.1% |
| Financial debts | 170/4 | €15,600 | €7,946 | -€7,654 | -49.1% |
| Amounts payable within one year | 42/48 | €261,688 | €590,691 | +€329,003 | +126% |
| Current portion of amounts payable after more than one year | 42 | €6,284 | €7,641 | +€1,357 | +21.6% |
| Financial debts | 43 | - | €1,503 | +€1,503 | |
| Credit institutions | 430/8 | - | €1,503 | +€1,503 | |
| Trade debts | 44 | €128,712 | €418,357 | +€289,644 | +225% |
| Suppliers | 440/4 | €128,712 | €418,357 | +€289,644 | +225% |
| Taxes, remuneration and social security | 45 | €110,908 | €62,290 | -€48,618 | -43.8% |
| Taxes | 450/3 | €100,077 | €52,695 | -€47,382 | -47.3% |
| Remuneration and social security | 454/9 | €10,831 | €9,595 | -€1,236 | -11.4% |
| Other amounts payable | 47/48 | €15,784 | €100,900 | +€85,116 | +539% |
| Remuneration, social security and pensions | 62 | €70,196 | €84,088 | +€13,892 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,530 | €31,412 | -€6,118 | -16.3% |
| Other operating charges | 640/8 | €400 | €13,009 | +€12,609 | +3,148% |
| Gross operating margin | 9900 | €230,890 | €272,959 | +€42,069 | +18.2% |
| Operating profit (loss) | 9901 | €122,763 | €144,449 | +€21,686 | +17.7% |
| Financial income | 75/76B | €2,376 | €1,712 | -€664 | -27.9% |
| Recurring financial income | 75 | €2,376 | €1,712 | -€664 | -27.9% |
| Financial charges | 65/66B | €743 | €2,493 | +€1,750 | +235% |
| Recurring financial charges | 65 | €743 | €2,493 | +€1,750 | +235% |
| Profit (loss) for the period before taxes | 9903 | €124,395 | €143,668 | +€19,272 | +15.5% |
| Income taxes | 67/77 | €37,303 | €44,324 | +€7,021 | +18.8% |
| Profit (loss) for the period | 9904 | €87,092 | €99,343 | +€12,251 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,092 | €99,343 | +€12,251 | +14.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.